New Zealand's economy contracted by 0.5% in 2024, following a 1.8% growth in 2023. Full Year GDP Growth in New Zealand averaged 2.53 percent from 1988 until 2024, reaching an all time high of 5.60 percent in 1994 and a record low of -1.30 percent in 1991. source: Statistics New Zealand
Full Year GDP Growth in New Zealand is expected to reach 2.50 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Full Year GDP Growth is projected to trend around 3.40 percent in 2027 and 3.20 percent in 2028, according to our econometric models.